SVB Wealth LLC trimmed its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 40.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 211,654 shares of the company’s stock after selling 143,334 shares during the quarter. iShares Core S&P 500 ETF comprises about 2.5% of SVB Wealth LLC’s holdings, making the stock its 4th largest position. SVB Wealth LLC’s holdings in iShares Core S&P 500 ETF were worth $101,092,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in IVV. Studio Investment Management LLC purchased a new position in iShares Core S&P 500 ETF during the fourth quarter worth about $33,000. Horizon Bancorp Inc. IN purchased a new position in shares of iShares Core S&P 500 ETF in the 3rd quarter worth about $40,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of iShares Core S&P 500 ETF in the 3rd quarter worth about $41,000. Financial Freedom LLC purchased a new position in shares of iShares Core S&P 500 ETF in the 4th quarter worth about $52,000. Finally, Hibernia Wealth Partners LLC purchased a new position in shares of iShares Core S&P 500 ETF in the 3rd quarter worth about $54,000.
iShares Core S&P 500 ETF Trading Down 0.2 %
Shares of IVV traded down $0.92 during midday trading on Tuesday, reaching $506.03. The stock had a trading volume of 2,222,272 shares, compared to its average volume of 5,856,974. The company’s 50-day moving average is $513.37 and its 200 day moving average is $477.26. iShares Core S&P 500 ETF has a 12-month low of $405.54 and a 12-month high of $527.16. The company has a market capitalization of $433.47 billion, a price-to-earnings ratio of 25.43 and a beta of 0.99.
iShares Core S&P 500 ETF Company Profile
iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market.
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